CBA 2.80% $132.46 commonwealth bank of australia.

Ultra I can see what you are saying about the triangle for the B...

  1. 165 Posts.
    Ultra I can see what you are saying about the triangle for the B wave. However, if I count every minute I sometimes confuse myself.

    I was actually governed by the impulse down to make my judgement. This meant that 30.30 area was criticial. Once the price bounced off 29.65 it meant that A would also = C at that point. The convergence of points led me to take this risk based on a potential loss of 6-7 cents. If it broke through to 30.35 I was out.

    Maybe I just got lucky! I won't be right until it is below 29.25.

    Shorted NAB also on close yesterday (at 34.02).

    Regards,
    noip


 
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